{"id":9665,"date":"2024-01-19T14:13:32","date_gmt":"2024-01-19T08:43:32","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=9665"},"modified":"2024-01-19T14:13:33","modified_gmt":"2024-01-19T08:43:33","slug":"international-money-transfer-google-pay-ties-up-with-npci-to-make-upi-global-news-2024-01","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/news-updates\/international-money-transfer-google-pay-ties-up-with-npci-to-make-upi-global-news-2024-01\/","title":{"rendered":"International Money Transfer: Google Pay ties up with NPCI to make UPI Global"},"content":{"rendered":"\n<p>Google India Digital Services has partnered with the NPCI (National Payments Corporation of India) in order to expand the UPI (Unified Payments Interface)\u00a0across the globe. The deal has been sealed with a MoU (memorandum of understanding).\u00a0<br>There are three key objectives of the partnership which are listed below &#8211;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Broaden the use of UPI outside India and make convenient transactions abroad<\/li>\n\n\n\n<li>To assist UPI-like digital payment systems in other countries<\/li>\n\n\n\n<li>Establishing international money transfers by using UPI infrastructure<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">We are pleased to announce a strategic partnership between NPCI International and Google Pay India, to expand the transformative impact of UPI to countries beyond India. <a href=\"https:\/\/twitter.com\/GooglePayIndia?ref_src=twsrc%5Etfw\">@GooglePayIndia<\/a> <a href=\"https:\/\/twitter.com\/dilipasbe?ref_src=twsrc%5Etfw\">@dilipasbe<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/NPCIInternational?src=hash&amp;ref_src=twsrc%5Etfw\">#NPCIInternational<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/NIPL?src=hash&amp;ref_src=twsrc%5Etfw\">#NIPL<\/a> <a href=\"https:\/\/twitter.com\/upichalega?ref_src=twsrc%5Etfw\">@upichalega<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/GooglePayIndia?src=hash&amp;ref_src=twsrc%5Etfw\">#GooglePayIndia<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/GooglePay?src=hash&amp;ref_src=twsrc%5Etfw\">#GooglePay<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/NPCI?src=hash&amp;ref_src=twsrc%5Etfw\">#NPCI<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/UPI?src=hash&amp;ref_src=twsrc%5Etfw\">#UPI<\/a> <a href=\"https:\/\/t.co\/7doEs3kroi\">pic.twitter.com\/7doEs3kroi<\/a><\/p>&mdash; NPCI (@NPCI_NPCI) <a href=\"https:\/\/twitter.com\/NPCI_NPCI\/status\/1747498211210883356?ref_src=twsrc%5Etfw\">January 17, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>It is believed that these objectives will contribute to accelerating the global acceptance of UPI and it will help Indian students are other customers to make digital payments by having an option of using UPI-powered apps like Google Pay.&nbsp;<\/p>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Know more about <a href=\"https:\/\/fly.finance\/blog\/money-transfer\/limits-of-international-money-transfer\/\">Limits of International Money Transfer as per the RBI Guidelines<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-can-this-move-help-in-simplifying-remittances\"><span id=\"how-can-this-move-help-in-simplifying-remittances\">How can this move help in simplifying remittances?<\/span><\/h2>\n\n\n\n<p>The process of remittance would be simplified as it is believed that the MoU will contribute to reducing the dependence on conventional banks and other financial institutions.&nbsp;<\/p>\n\n\n\n<p>Quoting the words of Ritesh Shukla, the CEO of NPCI International Payments \u201cThis strategic partnership will not only simplify foreign transactions for Indian travellers but will also allow us to extend our knowledge and expertise of operating a successful digital payments ecosystem to other countries. We are&#8230;enabling a seamless and more connected international remittance network by further expanding UPI\u2019s cross-border interoperability feature&#8221;.<\/p>\n\n\n\n<p>Deeksha Kaushal, Director, Partnerships, Google Pay India also contributed to the conversation and said \u201cWe are delighted to support NIPL towards expanding the reach of UPI to international markets&#8230;this collaboration is another step towards our commitment to making payments simple, safe and convenient.&#8221;<\/p>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Know more about <a href=\"https:\/\/fly.finance\/blog\/money-transfer\/forex-scams\/\">Forex Scams<\/a> and be safe.\u00a0<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-other-countries-are-going-to-have-upi-transactions-in-the-future\"><span id=\"what-other-countries-are-going-to-have-upi-transactions-in-the-future\">What other countries are going to have UPI Transactions in the future?<\/span><\/h2>\n\n\n\n<p>Last year in 2022, Indian Prime Minister Narendra Modi during his visit to France introduced UPI from the Eiffel Tower. This enables Indians to make payments in Indian currency while being in France.\u00a0Apart from France, the UPI facility is active in Singapore, Sri Lanka, and UAE. Now, the instant payment system is yet to be transferred in countries like New Zealand where it may be introduced soon.\u00a0As per Ritesh Shukla, the UPI is expected to be live in many more countries in the near future.<\/p>\n\n\n\n<p><strong>Follow the <\/strong><a href=\"https:\/\/fly.finance\/blog\/news-updates\/\"><strong>Fly Finance Newsdesk <\/strong><\/a><strong>to get regular updates on study abroad loans, the latest guidelines, <\/strong><a href=\"https:\/\/fly.finance\/\"><strong>international money transfers<\/strong><\/a><strong> etc.&nbsp;<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Google India Digital Services has partnered with the NPCI (National Payments Corporation of India) in order to expand the UPI (Unified Payments Interface)\u00a0across the globe. The deal has been sealed with a MoU (memorandum of understanding).\u00a0There are three key objectives of the partnership which are listed below &#8211; It is believed that these objectives will &#8230; <a title=\"International Money Transfer: Google Pay ties up with NPCI to make UPI Global\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/news-updates\/international-money-transfer-google-pay-ties-up-with-npci-to-make-upi-global-news-2024-01\/\" aria-label=\"Read more about International Money Transfer: Google Pay ties up with NPCI to make UPI Global\">Read more<\/a><\/p>\n","protected":false},"author":5,"featured_media":9666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[260],"tags":[],"class_list":["post-9665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin 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